China's Economy on Steady Path for Long-Term Growth
The Chinese mainland's economy is set to continue its long-term, sound growth trajectory, as affirmed by a recent government work report submitted to the national legislature. 📈✨
Despite facing a slowdown in global economic momentum, rising unilateralism, and increasing protectionist measures, the report emphasizes China’s resilience and institutional strengths.
The multilateral trading system has faced obstacles, with higher tariff barriers disrupting global industrial and supply chains, thereby impacting the international economic cycle. However, the report urges strengthened confidence in development to navigate these challenges.
Highlighting key advantages, the report points to China's super-sized domestic market, comprehensive industrial system, and abundant human resources as pillars supporting its economic stability and growth.
As the world grapples with economic uncertainties, China remains focused on leveraging its internal strengths to maintain steady progress and foster sustainable development.
Reference(s):
cgtn.com
